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Lehman bankruptcy: In capitalism, failure is not a dirty word

Started by cordblomquist · 9 months ago

My reaction to Lehman Brothers’ declaring of Chapter 11 bankruptcy and the refusal of Treasury Secretary Hank Paulson and others to take extraordinary Bear Stearns-like measures for the government to prop the firm up can be summed up in three words: It’s about time!
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3 comments

  • George Bush has something humorous to say about Lehman’s woes. Check out the video here, http://beema.wordpress.com/2008/09/16/beema-new.... If you can’t laugh you will most definitely cry about all of this.
  • There is no doubt Lehman’s failure will be difficult for the firm’s employees, investors and others affected by the firms’ dealings.

    Most if not all of whom, I presume, are registered voters, along with an untold number of loved ones and other associates who have a vested interest in Lehman's survival, and who would punish any politician or party they perceived as allowing Lehman fail. And there, it should go without saying, is the rub.
  • Definitely Lehman’s woes failure will effect the investors

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